LSE index gains 94.93 points
Equities on Wednesday staged recovery on the Lahore Stock Exchange and registered gains across the board following buyers' interest in oil and banking sectors' shares. The LSE-25 index was jumped to 5222.07 against 5127.14 of Tuesday, denoting a gain of 94.93 points, while transaction volume was squeezed to 3.937 million shares compared with day earlier volume of 4.383 million shares.
Copyright Business Recorder, 2014
The market was opened on a healthy sign and kept on rising throughout the day. The investors made entries in PSO, Mari Petroleum, National bank, Askari Bank, Bank Alfalah, Faysal Bank, Bank of Punjab that helped market sentiments while Adamjee Insurance, Engro Fertilizer, Pak Elektron, Avanceon, Fauji Cement, Lafarge Pakistan Cement, Maple Leaf Cement and PIA also performed well. However, selling pressure was also seen in Ados Pakistan, Hub Power, Gul Ahmed Textile Mills, Pervez Ahmed Securities, Fauji Fertilizer Bin Qasim, Dewan Salman Fibre and Silk Bank.
The gainers were considerably more than the losers. Of 91 active issues, 29 companies posted gains, eight registered declines while 54 companies remained unchanged at their previous closing. PSO gained Rs 18.30, Mari Petroleum was improved by Rs 12, Adamjee Insurance was appreciated by Rs 2.05 while National Bank and Engro Fertilizer were up by Rs 1.69 and Rs 1.38, respectively.
In the minus column, Akzo Nobel Pakistan lost Rs 3, Ados Pakistan was declined by Rs 1.87, while Hub Power and Gul Ahmed Textile Mills were down by 42-paisa and 20-paisa, respectively. Fauji Cement with trading of 1.006 million shares topped the volume leaders followed by Dewan Salman Fibre with 880,000 shares.